Canaan Alexander v. The Bank of Nova Scotia

/CNW/ - On June 12, 2026, the Ontario Superior Court of Justice approved a $10,450,000 settlement of a class action lawsuit on behalf of customers of The Bank...

TORONTO, July 14, 2026 /CNW/ - On June 12, 2026, the Ontario Superior Court of Justice approved a $10,450,000 settlement of a class action lawsuit on behalf of customers of The Bank of Nova Scotia ("BNS") who were charged certain non-sufficient funds fees ("NSF fees"). The class action took issue with BNS's practice of charging NSF fees on re-presented pre-authorized debit transactions between June 21, 2020 and April 30, 2024.

BNS has not admitted liability and denies liability. Under the terms of the settlement, BNS will deposit approximately $42.82 directly into the bank accounts of approximately 148,000 eligible BNS customers.

Source and reference

SOURCE Koskie Minsky LLP For more information, contact Elie Waitzer at [email protected] or visit https://kmlaw.ca/cases/scotiabank-duplicative-nsf-fees-class-action/

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